Dow Jones Top Company Headlines at 5 PM ET: Meta Will Split Stock, Create New Class to Fund AI Spending | Tesla ...

Meta Will Split Stock, Create New Class to Fund AI Spending

The company, which reported record revenue of $64.6 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control.

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Tesla Reports Flat Revenue, Increased Cash Flow as SpaceX Merger Talk Looms

Elon Musk, who leads both companies, said merging the companies "would be a good idea."

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IBM Reports Higher Profit as Some Delayed Deals Come Through

IBM reported a higher third-quarter profit and growing revenue across its software and infrastructure segments, as it looks to prove to investors that its disappointing second-quarter showing was just a blip.

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Southwest Cuts Earnings Outlook Amid Rising Fuel Costs

The Dallas-based carrier now expects adjusted earnings per share to be $2.60 to $2.85 this year as fuel costs continue to weigh on airlines' margins.

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Meta Ordered to Pay $25 Billion to New Mexico in Data-Privacy Case

A state jury found the social-media giant liable for misleading the state's consumers.

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Texas Instruments Posts Higher Profit, Revenue

The Dallas-based semiconductor company posted a profit of $2.43 billion on broad based growth led by industry, automotive and data center.

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CSX Logs Higher Profit, Revenue on Rising Freight Volumes

The railroad operator reported a profit of $1.05 billion and revenue of $4.02 billion in the third quarter, driven by fuel surcharges and higher freight volumes.

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Abbott to Carve Out Nutrition Business Into Independent Company

Abbott plans to separate its nutrition business into an independent company, which is set to house electrolyte-beverage brand Pedialyte, as well as infant-formula brand Similac, with about $8.5 billion in annual sales.

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EBay to Cut 9% of Workforce in Latest Round of Layoffs

The company said the move, which will affect about 1,000 employees, aims to help it focus its resources on its top priorities, and that it would continue to hire in certain areas aligned with its strategy.

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Senators Express 'Grave Concerns,' Launch Inquiry into Google's AI Push in Schools

Sens. Richard Blumenthal and Josh Hawley wrote to CEO Sundar Pichai following a WSJ investigation.

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Nvidia Seeks to Slash Data Center Deployment Times with New DSX Pods

Speedier installations shorten the period during which customers incur data center expenses without generating revenue.

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AT&T Lifts Profit Outlook on Continued Postpaid Phone, Internet Growth

AT&T boosted its full-year profit outlook, but shares fell as some on Wall Street were disappointed by its core wireless-subscriber numbers and rising expenses.

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Philip Morris Doubles Down on Zyn, Despite Mounting Cost Pressures

The company said it will continue to grow its Zyn nicotine-pouch brand, aiming to meet rising demand even as geopolitical tensions disrupt operations.

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Akzo Nobel in Talks to Shed European Refinishing Unit for Axalta Merger Nod

EXCLUSIVE: Akzo Nobel is seeking to secure regulatory clearance for its proposed merger with U.S. peer Axalta Coating Systems, the company's chief executive said.

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Elevance Health Lifts Guidance. CFO Sees a 'Clear Path' to Growth.

Investors are continuing to watch how the insurer navigates costs in its Medicare Advantage and Medicaid portfolios.

(END) Dow Jones Newswires

October 21, 2026 17:15 ET (21:15 GMT)